(2) To accept appropriations, gifts, grants, bequests and
devises and to utilize or dispose of the same to carry out its
corporate purposes. The board has the discretion to refuse any
gift it considers inappropriate;

(3) To make and execute contracts, releases, compromises,
agreements and other instruments necessary or convenient for the
exercise of its powers or to carry out its corporate purposes;

(4) To collect reasonable fees and charges in connection with
making and servicing loans, notes, bonds, obligations, commitments
and other evidences of indebtedness, and in connection with
providing technical, consultative and project assistance services;

(5) To sue and be sued;

(6) To have a seal and alter the same at will;

(7) To hire its own employees and appoint officers and
consultants as it considers advisable, and to fix their
compensation and prescribe their duties;

(8) To acquire, hold and dispose of real and personal property
for its corporate purposes;

(9) To enter into agreements or other transactions with any
federal or state agency, any person and any domestic or foreign partnership, corporation, association or organization;

(10) To acquire real property, or an interest in real
property, in its own name, by purchase, transfer, bequest, gift or
foreclosure, where appropriate or is necessary to protect any loan
in which the board has an interest and to sell, transfer and convey
any property to a buyer and, in the event that a sale, transfer or
conveyance cannot be effected with reasonable promptness or at a
reasonable price, to lease property to a tenant. Before any real
property is transferred to the trust, the seller or donor must have
clear title to the property. The board has the discretion to
require that the seller or donor agree, in the terms of the
transfer, that any liability for environmental defects on the
property is not waived by the transfer and that the seller or donor
indemnify the trust for any liability associated with activities
that occurred or conditions that exist on the property. The board
may require the transferor of the property to bear the costs of an
environmental assessment of the property, conducted in a manner
satisfactory to the board;

(11) To purchase or sell, at public or private sale, any
mortgage or other negotiable instrument or obligation securing a
loan;

(12) To procure insurance against any loss in connection with
its property in such amounts, and from such insurers, as may be necessary or desirable;

(13) To consent, whenever it considers it necessary or
desirable in the fulfillment of its corporate purpose, to the
modification of the rate of interest, time of payment or any
installment of principal or interest or any other terms, of an
investment, loan, contract or agreement of any kind to which the
board is a party;

(14) To establish training and educational programs to further
the purposes of this article;

(15) To acquire, by purchase or otherwise, and to hold,
transfer, sell, assign, pool or syndicate or participate in the
syndication of, any loans, notes, mortgages, securities or debt
instruments or other instruments evidencing loans or equity
interests in or for the fostering, repairing, or providing
affordable housing to the citizens of this state;

(16) The board has the authority to make, and from time to
time, amend and repeal bylaws and rules not inconsistent with the
provisions of this article; and

(17) To have and exercise all other general powers of a
corporation in this state.